Filed April 24, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $72,413 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $102,507 | $98,982+3.6% | $162,177-36.8% | $65,185+57.3% |
| Participation rate | 100.0% | 85.8%+14.2pp | 87.6%+12.4pp | 70.2%+29.8pp |
| Annual return | 22.77% | 24.84%-2.1pp | 115.60%-92.8pp | 29.38%-6.6pp |
| Employer contribution / active EE | $2,819 | $3,467-18.7% | $5,613-49.8% | $2,177+29.5% |
| Participant deferral / active EE | $6,343 | $5,384+17.8% | $7,297-13.1% | $3,514+80.5% |
| Admin fee / account holder | $313 | $596-47.5% | $10,843-97.1% | $847-63.0% |